Fees | The Credit Union

Service Fees.

All fees are subject to change without notice

Savings Accounts

*Eligible transactions: cash withdrawals, The Credit Union and THE EXCHANGE® Network ATM withdrawals
(excluding Interac, Cirrus ATMs) and Debit Card purchases.

Deposits

Free

Payroll deposit

Free

Self-serve transfers between Credit Union accounts

Free

Automatic transfers between Credit Union accounts for your regular savings program

Free

Transfers initiated by member (through phone or internet banking)

Free

Corporate cheque withdrawals

$5.00

Account overdrawn (per month)

$2.50

Quarterly Statement

Free

High Interest

Each eligible transaction*

$2.50

Interac ATM withdrawals

$2.50

Cirrus ATM withdrawals

$2.50

ACCEL®/THE EXCHANGE® ATMs - Within United States withdrawals

$2.50

Daily Interest

2 eligible transactions each month*

Free

Each eligible transaction after 2 free each month*

$0.75

	Chequing Accounts

	Chequing Packages:


	*Eligible transactions: cash withdrawals, cheques, The Credit Union and THE EXCHANGE® Network ATM withdrawals (excluding Interac, Cirrus ATMs), pre-authorized debits, Debit Card purchases (within Canada and the United States), phone or internet standard bill payments.

	Direct Deposit Packages


	Up to Ten (0 - 10 transactions)	$2.95
	With minimum balance of $1,500	Free
	Twenty to Go (11 - 20 transactions)	$3.95
	With minimum balance of $2,000	Free
	Take Thirty-Five (21 - 35 transactions)	$4.95
	With minimum balance of $2,500	Free
	Unlimited Power (unlimited transactions)	$11.95
	With minimum balance of $3,000	Free
	Note: Per transaction fee after the package limit is exceeded	$0.45

	Non-Direct Deposit Packages


	Up to Ten (0 - 10 transactions)	$3.95
	With minimum balance of $2,000	Free
	Twenty to Go (11 - 20 transactions)	$4.95
	With minimum balance of $2,500	Free
	Take Thirty-Five (21 - 35 transactions)	$5.95
	With minimum balance of $3,000	Free
	Unlimited Power (unlimited transactions)	$13.95
	With minimum balance of $3,500	Free
	Note: Per transaction fee after the package limit is exceeded	$0.45
	Monthly Statement – online	Free

	Other Chequing and / or Savings Account Service Fees

	Deposits of foreign currency (excluding US)	$2.00
	Transfers initiated by The Credit Union	$4.50
	NSF cheques and pre-authorized debits	$30.00
	NSF cheque and pre-authorized debit covered and processed	$30.00
	Each counter cheque (after starter kit)	$4.00
	Cheque certified by member	$4.50
	Cheque certified by non-member	$15.00
	Stop Payments:
	Pre-authorized (PAD) debit - complete details (max. of 6 months)	$7.00
	Pre-authorized (PAD) debit - partial details (max. of 6 months)	$15.00
	Cheque - complete details	$7.00
	Cheque - partial details	$15.00
	Paid cheque search - up to 90 days per item	$5.00
	Paid cheque search - 91 days or more per item	$15.00
	Personalized cheques and wallet	AT COST
	Overdraft usage (per month)	$2.50
	Cheque sent on collection	AT COST
	Incoming collection item	$30.00
	Incorrect/Un-encoded pre-authorized credits	$5.00

	Bill Payment

	Phone


	Bill payment - one time set up fee	$2.50
	Standard bill payment - local number	$0.50
	Standard bill payment service - toll-free number	$0.70

	Online Services


	Standard bill payment	$0.50
	Funds transferred to another financial institution account	$0.50
	Rejected funds transfer from another financial institution	$5.00
	Customer specific bill payment - with financial institution information	$0.50
	Customer specific bill payment - without financial institution information	$1.25
	Rejected bill payment information	$10.00
	Bill payment reversal and/or change of payee, after processing	$15.00

	ATM/Debit Card

	Purchases, deposits and withdrawals at The Credit Union and THE EXCHANGE® Network ATMs– see chequing packages and savings account fees.
	Other ATMs:
	Interac ATMs - Each withdrawal or balance inquiry (exception - see High Interest Savings)	$1.25
	At Cirrus ATMs - Within United States (exception – see High Interest Savings)	$2.00
	At Cirrus ATMs – Outside North America and Mexico	up to $5.00
	At ACCEL®/THE EXCHANGE® ATMs - Within United States withdrawals (exception – see High Interest Savings)	$2.00
	Re-issue ATM/Debit Card	$5.00
	ATM transaction lookup (per item)	$5.00

Registered Plans

RRSP/RRIF/TFSA setup

Free

First RRSP/RRIF withdrawal each year (after 180 days on deposit)

Free

Minimum payment withdrawal for RRIF

Free

RRSP/RRIF/TFSA transfers to Worldsource Financial Management Inc.

Free

Second and subsequent RRSP/RRIF withdrawals each year

$50.00

RRSP/RRIF/TFSA transfers to other financial institutions

$50.00

Each RRSP/RRIF withdrawal, closure within 180 days of deposit

$50.00

	Mutual Funds & Self Directed Fees

	Please refer to your Personal Account Manager / Branch Manager

	Personal Loan

	Application and administration fees	Free
	Chattel registrations (includes discharge & search)	$75.00
	Returned loan payments due to non-sufficient funds (NSF)	$15.00
	Delinquent more than 45 days (charged monthly)	$10.00

	Mortgages

	Application fee (refundable upon disbursement of funds)	$100.00
	Renewal	Free
	Discharge registration and administration fees	up to $375
	Appraisal and legal fees	AT COST
	Returned mortgage payment due to non-sufficient funds (NSF)	$15.00
	Instant funding fee	$420.00
	Instant funding fee with one mortgage discharge	$490.00
	Delinquent more than 45 days (charged monthly)	$10.00
	Property search	$35.00

	Miscellaneous Services

	Monthly Statement	Free
	Third party item returned unpaid	$5.00
	Member's cheque returned unpaid	$30.00
	Counter statement	$2.00
	Duplicate statement - current year	$2.00
	Duplicate statement - more than one year (per year)	$15.00
	Post dated deposits or loan payments (per cheque)	$2.00
	Traveler's cheques (Toronto location only)	1%
	Safety Deposit Boxes - two sizes:
	Small	$33.90
	Large	$50.85
	Safety Deposit Box - drilling/ replacement keys	AT COST
	Letter of confirmation of balance or loan interest	$10.00
	Membership closed within 90 days of opening	$15.00
	Savings/chequing account transferred to another financial institution	$25.00
	Foreign item cleared on account	$15.00
	Dormant Accounts:
	One to four years (per year)	$20.00
	Five to nine years (per year)	$25.00
	Dormant Account Notice – Year 2	$100.00
	Dormant Account Notice – Year 5	$100.00
	Fee to transfer Abandoned Account – Year 10	$100.00
	Note: If there are insufficient funds in your accounts to cover service charges which are payable by you, you authorize The Credit Union to terminate your membership and close your accounts with us, and request redemption of any Credit Union shares you hold. The Credit Union will remit by cheque to your last known address any funds remaining after the application of any applicable service charges to your deposits and the proceeds of redemption of your shares.